China reported an impressive 48.5% surge in exports which calmed investor concerns about a stalled economic recovery. The market close sharply higher with the Dow jumping 273 points to 10,172 while Nasdaq soared 59 points to 2218.
On the upside
Liz Claiborne (NYSE: LIZ) presented at Imperial Capital's Second Anuual Consumer Summit this morning.
MannKind (Nasdaq: MNKD) reported upbeat results for its inhaled insulin Afrezza.
Shares of BP (NYSE: BP) rose after British Prime Minister David Cameron pledged to assist efforts to contain and clean up the oil spill.
Symantec (Nasdaq: SYMC) extended its contract to provide complimentary 60-day subscriptions to the company's Norton Internet Security on all Hewlett-Packard (Nasdaq: HPQ) computers.
Borders Group (NYSE: BGP) donate 10% of its sales over the weekend to support oil spill efforts in the Gulf of Mexico. Certain retail locations will also recruit volunteers and host education and information sessions for the clean up efforts.
On the downside
NCI Building Systems (NYSE: NCS) disappointed with a wider than expected loss for the second quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 21 points to 639.
